Just when "the anchor is coming" became popular on the whole network, the school intranet also ushered in the first round of financing negotiations, which was led by Deputy General Manager Tang Wenwen and Deputy General Manager Fang Dawen led by Xiang Weiwei, Minister of Legal Affairs, and He Ling, Minister of Finance. On SoftBank's side, Mr. Xiong, the general manager of SoftBank Celestial Dynasty, and several personnel attended.

The reason why Jiang Hui did not participate in the first negotiation was mainly due to the fact that it was only a preliminary contact, and it was not yet time to negotiate the conditions in real terms, and other venture capital institutions had not yet reflected it, so it was necessary to delay the specific negotiations.

In fact, Jiang Hui is not wrong, IDG and Sequoia Capital are also evaluating the value of the intranet in order to start financing negotiations. The development of the intranet is changing too fast, and VCs need to investigate the operation of the intranet and learn as much as possible about the project. They typically conduct a careful assessment of the intranet's technology, market potential and size, as well as the management team, through a review process that includes contact with potential customers, consultation with technical experts, and several rounds of meetings with the management team. These people will help venture capitalists draw conclusions about how risky it is to invest in intranets.

The first meeting took place in the conference room of the intranet, which was also convenient for taking SoftBank's staff on a tour of the intranet after the meeting, and it was impossible for SoftBank to make a decision to invest or not to invest without seeing the company.

After Tang Wenwen brought Mr. Xiong and others from SoftBank to the conference room, they exchanged a few words of greeting and began to understand each other's situation.

"Mr. Tang, I heard that the founder of the intranet is Jiang Hui, a student of Imperial University of Technology, do you want to confirm that this is indeed the case?", Mr. Xiong of SoftBank saw that the people involved in the negotiation on the intranet did not seem to have Jiang Hui, so he asked deliberately.

"It's true, the school intranet was originally created by Mr. Jiang alone, and now he is also an absolute major shareholder. It's all my fault, I didn't make an appointment with him in advance, and it just so happened that the leaders of the Imperial Capital University of Technology talked to him today, so I couldn't attend today's meeting," Tang said.

"Is it convenient for Mr. Tang to introduce us to the shareholders of the school intranet?, there are various opinions on the Internet, and we don't know which one to listen to," Mr. Xiong said.

"The intranet now includes the shares held by the founder, Mr. Jiang, the management team, and the share swap at the time of the previous acquisition of Hao123, and currently has a total of 17 shareholders. Among them, Mr. Jiang holds more than 80 percent of the shares, Mr. Li Xingping holds nearly two points of shares, and other management personnel hold nearly one point or 0.5 percent of the shares," Tang said.

"It is said that the school intranet and companies such as Guanghui Games, Guanghui Pay, and Guanghui Technology were all created by Mr. Jiang, what is the relationship between the school intranet and these companies?", Mr. Xiong asked.

"These four companies were indeed founded by Mr. Jiang, among which Mr. Guanghui Technology is the parent company of the intranet, and the shares of the intranet held by Mr. Jiang are indirectly held through Guanghui Technology; Guanghui Games is the most important strategic partner of the intranet, and most of the popular games in the intranet are developed by Guanghui Games and launched on the intranet; and Guanghui Pay was a payment interface of the intranet before, and later became independent as a company, and the current shareholder composition is similar to that of the intranet," said Tang.

While being honest with each other will help you earn your trust, it will also save you the effort of lying all over again. However, it is also necessary to hide some information during the first meeting before conducting a rigorous assessment with investors. Just like dating, you want things to go one step at a time, and you don't reveal all your secrets on the first date, but create a sense of mystery. Tang also adopted a similar approach when introducing several companies, which was also discussed with Jiang Hui in advance.

"At present, the school intranet is focusing on the development of the college student market, is there any consideration of other markets in the future?", Mr. Xiong asked.

This topic is also a cliché, and it has been discussed many times within the school intranet, so Tang's article was answered very smoothly.

"At present, the main target is the college student market, but in the future, we will consider opening up registration for high school students," Tang said.

"Don't you consider opening registration to all Internet users?", Mr. Xiong said.

"There will be no such considerations within this year," Tang said.

"Can Mr. Tang give us an introduction to the number of users in the school's intranet?" said Mr. Xiong.

"Of course, we also publish this data online on a regular basis. At present, the university has more than 9 million users in mainland China and more than 1 million international users in island countries, with a total of nearly 11 million users. In addition, more than half of the users log in to the intranet at least once a day, and the number of people who are online at the same time has reached more than 5 million," said Tang.

This data is even better than SoftBank's previous survey, especially half of the users log in to the intranet at least once a day, and the highest number of online users exceeds 5 million, which shows that the user's stickiness to the intranet is relatively high, and the website is also more attractive.

"We learned that there is also a Facebook company in the United States, their business is very similar to the intranet, and the intranet has merged all its users in North America into Facebook, does this company have anything to do with the intranet?" asked Mr. Xiong.

This issue is relatively less concerned, and SoftBank can learn about this situation, which shows that they have really investigated the situation of the intranet, and it also shows that they really have the idea of investing in the intranet.

"Facebook was founded at Harvard University in February this year, and later the intranet also invested in the company, and its current major shareholder is Korn Ferri Investment Co., Ltd., but the majority of the voting rights are still in the hands of the founders, and they mainly target the European and American markets, and the intranet is mainly for the Asian market," Tang said.

This news was very unexpected by Mr. Xiong, they just guessed from the transfer of North American users to Facebook that there should be some connection between the school intranet and Facebook, but they didn't expect that the school intranet would be its major shareholder. As the general manager of SoftBank Tianchao, Mr. Xiong also knows some of SoftBank's global investment information, and according to his understanding, SoftBank America is also considering investing in Facebook, but he didn't expect that Tianchao and his colleagues in the United States actually fancy the same company.

"Mr. Xiong, the school intranet is an open and pursuing enterprise, and we welcome like-minded investors from all walks of life to participate in the development of the school intranet. I wonder what kind of way SoftBank wants to cooperate with the intranet?", Tang asked.

(End of chapter)